NEW YORK -- Technology stocks led the market lower today in quiet pre-holiday trading, sliding for a third straight day amid renewed worries about that group's exposure to Asia. Stocks lower
The Dow Jones industrial average fell 17.93 points to close at 9,114.44, despite an early 32-point gain, closing the week about 100 points below May 13's record of 9,211.84. Today's slide trimmed the week's gain to 18.44.
The Standard & Poor's 500 fell 4.17 to 1,110.47, and the technology-heavy Nasdaq composite index fell 15.99 to 1,805.00.
Decliners outnumbered advancers more than 5 to 3 on the New York Stock Exchange, with 1,079 up, 1,819 down and 599 unchanged.
NYSE volume totaled 443.55 million shares, the second smallest tally of 1998 and the first below 500 million since March 30.
The NYSE composite index fell 2.12 to 574.78, and the American Stock Exchange composite index fell 1.79 to 730.57.
The Russell 2000 index of smaller companies fell 4.20 to 462.99.
The price of the Treasury's main 30-year bond was up 10/32 point at 103 4/32, yielding 5.90 percent.
Broader stock measures retreated into the three-day weekend, with the technology-heavy Nasdaq composite index again drawing heavy selling pressure.
The computer industry's reliance on foreign markets is again being viewed as a major liability following Asia-related profit warnings from Hewlett-Packard and National Semiconductor and the recent rioting in Indonesia.
Wall Street has drawn little encouragement from President Suharto's departure, with analysts noting his selection of his vice president as successor.